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Learn the IRS rules for deducting your mileage on your tax return, including how to choose a mileage method, what records you need, and how to claim the deduction at tax time.
For the 2024 tax year (taxes filed in 2025), the IRS standard mileage rates are: 67 cents per mile for business. 14 cents per mile for charity. 21 cents per mile for medical/moving.
Learn about the mileage tax deductions, business mileage reimbursement, how to claim a mileage deduction, and see the 2024 IRS mileage rate with help from Block.
You can calculate mileage reimbursement in three simple steps: Select your tax year. Input the number of miles driven for business, charitable, medical, and/or moving purposes. Click on the "Calculate" button to determine the reimbursement amount.
The IRS offers two ways of calculating the cost of using your vehicle in your business: The actual expenses method, or. Standard mileage rate method. Each method has its advantages and disadvantages, and they often produce vastly different results.
If you travel for work, you may be able to deduct mileage expenses from your taxes. Find out if you qualify and how to document it.
Key Takeaways: Mileage deductions can add up to significant savings for taxpayers. Self-employed workers and business owners are eligible for the largest tax-deductible mileage rate. Mileage can...
Find standard mileage rates to calculate the deduction for using your car for business, charitable, medical or moving purposes.
Our calculator uses the IRS standard mileage rates to automatically calculate your mileage deduction. Looking for 2023 mileage rates? So far, we've estimated. $0.00. in mileage deductions. Do you drive for business purposes? Yes No. Explain this question. Enter your business miles driven. None. Do you drive for medical purposes? Yes No.
1. Understand the standard mileage rate vs. actual expenses. You can deduct your vehicle expenses in one of two ways: Actual expenses method: Using this method, you must track all your car expenses — including gas, oil, repairs, insurance, and depreciation — and deduct the portion of your total car expenses that apply to business miles.